BUY! INT'L BUSINESS MACHINES (IBM) NYSE

  Report No. 2312    Analysis by: Harry Aloof     FEBRUARY 9, 2009

INT'L BUSINESS MACHINES (IBM-NYSE): Technical Viewpoint: From a low of $79.68 on Dec 29, 2008 prices rallied, reaching a high of $90.41 on Jan 6, 2009. A decline saw prices pull back, reaching a low of $81.76 on Jan 20, 2009. Another rally saw prices penetrate resistance, closing 2/6/09 at $96.14. Technicals: MACD Index (MACD): A Buy Alert! was given on Jan 26, 2009 when the solid line crossed the dotted line to the upside. Support: Remains at $91.00. Resistance: Is at $99.99. Point & Figure: Reversed to the upside on Feb 3, 2009. A P&F upside reversal takes place at $94.00. Summary: Technical indicators have turned bullish. BUY! INT'L BUSINESS MACHINES (IBM-NYSE) @ $97.13 Stop: Use a protective stop of $94.38. INT'L BUSINESS MACHINES is currently trading @ $96.14 plus $3.73 on Feb 6, 2009. Price Objective: $106.00. Risk/Reward: $2.75 VS. $8.87. Today's Risk Reward Ratio: 3:1

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$106.00 Risk/Reward:
$2.75 VS. $8.87 Risk/Reward Ratio:
3:1
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